Ishares Stoxx Europe 50 Ucits Etf ETF Forecast

Evaluation of Ishares Stoxx Europe 50 Ucits Etf ETF downgraded after the last trading session.
(Updated on Jun 21, 2024)

EUN1.F Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Stoxx Europe 50 Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 46.24€. On a fall, the ETF will find some support from the short-term average at 46.10€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Wednesday, August 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Wednesday, August 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -3.03% to 44.76€ within 16 trading days since signal was issued (Friday, June 28, 2024).

Support, Risk & Stop-loss for Ishares Stoxx Europe 50 Ucits Etf ETF

Ishares Stoxx Europe 50 Ucits Etf finds support from accumulated volume at 46.14€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.180€ between high and low, or 0.390%. For the last week the ETF has had daily average volatility of 0.498%

Our recommended stop-loss: 44.28€ (-4.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (EUN1.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Ishares Stoxx Europe 50 Ucits Etf to open at 46.19€, and during the day (based on 14 day Average True Range), to move between 45.79€ and 46.53€, which gives a possible trading interval of +/-0.374€ (+/-0.81%) up or down from last closing price. If Ishares Stoxx Europe 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 46.14€ (0.04%) than the resistance at 46.19€ (0.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ishares Stoxx Europe 50 Ucits Etf ETF A Buy?

Ishares Stoxx Europe 50 Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.697 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Stoxx Europe 50 Ucits Etf of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.